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NiSource

NI Clue Score56
United States Fiscal year ends December CIK 0001111711
$40.76 +0.57% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $40.76 +67.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4.39Operating income0.87Net income0.33EPS, diluted1.02Fiscal year 2017Revenue4.73 +7.7%Operating income0.92Net income0.13 −61.2%EPS, diluted0.39 −61.8%Fiscal year 2018Revenue4.99 +5.5%Operating income0.12Net income−0.05 −139.4%EPS, diluted−0.18 −146.2%Fiscal year 2019Revenue5.05 +1.2%Operating income0.89Net income0.38EPS, diluted0.87Fiscal year 2020Revenue4.47 −11.5%Operating income0.55Net income−0.02 −104.6%EPS, diluted−0.19 −121.8%Fiscal year 2021Revenue4.73 +5.8%Operating income1.01Net income0.58EPS, diluted1.27Fiscal year 2022Revenue5.74 +21.3%Operating income1.27Net income0.80 +37.5%EPS, diluted1.70 +33.9%Fiscal year 2023Revenue5.35 −6.8%Operating income1.30Net income0.71 −11.2%EPS, diluted1.48 −12.9%Fiscal year 2024Revenue5.28 −1.2%Operating income1.46Net income0.76 +6.5%EPS, diluted1.62 +9.5%Fiscal year 2025Revenue6.52 +23.5%Operating income1.84Net income0.93 +22.2%EPS, diluted1.95 +20.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4.39 4.73 4.99 5.05 4.47 4.73 5.74 5.35 5.28 6.52
Growth +7.7% +5.5% +1.2% −11.5% +5.8% +21.3% −6.8% −1.2% +23.5%
Operating income 0.87 0.92 0.12 0.89 0.55 1.01 1.27 1.30 1.46 1.84
Net income 0.33 0.13 −0.05 0.38 −0.02 0.58 0.80 0.71 0.76 0.93
Growth −61.2% −139.4% −104.6% +37.5% −11.2% +6.5% +22.2%
EPS, diluted 1.02 0.39 −0.18 0.87 −0.19 1.27 1.70 1.48 1.62 1.95
Growth −61.8% −146.2% −121.8% +33.9% −12.9% +9.5% +20.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin102.3%Operating margin19.7%Net margin7.5%Free cash flow margin−15.3%Fiscal year 2017Gross margin103.1%Operating margin19.5%Net margin2.7%Free cash flow margin−20.2%Fiscal year 2018Gross margin102.5%Operating margin2.5%Net margin−1.0%Free cash flow margin−25.6%Fiscal year 2019Gross margin103.1%Operating margin17.6%Net margin7.6%Free cash flow margin−4.3%Fiscal year 2020Operating margin12.3%Net margin−0.4%Free cash flow margin−14.6%Fiscal year 2021Operating margin21.3%Net margin12.4%Free cash flow margin−13.1%Fiscal year 2022Operating margin22.1%Net margin14.0%Free cash flow margin−13.8%Fiscal year 2023Operating margin24.2%Net margin13.4%Free cash flow margin−13.3%Fiscal year 2024Operating margin27.6%Net margin14.4%Free cash flow margin−15.8%Fiscal year 2025Operating margin28.1%Net margin14.3%Free cash flow margin−6.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 102.3% 103.1% 102.5% 103.1% n/a n/a n/a n/a n/a n/a
Operating margin 19.7% 19.5% 2.5% 17.6% 12.3% 21.3% 22.1% 24.2% 27.6% 28.1%
Net margin 7.5% 2.7% −1.0% 7.6% −0.4% 12.4% 14.0% 13.4% 14.4% 14.3%
Free cash flow margin −15.3% −20.2% −25.6% −4.3% −14.6% −13.1% −13.8% −13.3% −15.8% −6.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.80Capital expenditure−1.48Free cash flow−0.67Buybacks−0.01Dividends paid−0.21Fiscal year 2017Operating cash flow0.74Capital expenditure−1.70Free cash flow−0.95Buybacks−0.01Dividends paid−0.23Fiscal year 2018Operating cash flow0.54Capital expenditure−1.82Free cash flow−1.28Buybacks−0.00Dividends paid−0.27Fiscal year 2019Operating cash flow1.58Capital expenditure−1.80Free cash flow−0.22Buybacks0.00Dividends paid−0.30Fiscal year 2020Operating cash flow1.10Capital expenditure−1.76Free cash flow−0.65Buybacks0.00Dividends paid−0.32Fiscal year 2021Operating cash flow1.22Capital expenditure−1.84Free cash flow−0.62Dividends paid−0.35Fiscal year 2022Operating cash flow1.41Capital expenditure−2.20Free cash flow−0.79Dividends paid−0.38Fiscal year 2023Operating cash flow1.94Capital expenditure−2.65Free cash flow−0.71Dividends paid−0.41Fiscal year 2024Operating cash flow1.78Capital expenditure−2.61Free cash flow−0.83Dividends paid−0.48Fiscal year 2025Operating cash flow2.36Capital expenditure−2.78Free cash flow−0.42Dividends paid−0.53
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.80 0.74 0.54 1.58 1.10 1.22 1.41 1.94 1.78 2.36
Capital expenditure −1.48 −1.70 −1.82 −1.80 −1.76 −1.84 −2.20 −2.65 −2.61 −2.78
Free cash flow −0.67 −0.95 −1.28 −0.22 −0.65 −0.62 −0.79 −0.71 −0.83 −0.42
Growth
Buybacks −0.01 −0.01 −0.00 0.00 0.00 n/a n/a n/a n/a n/a
Dividends paid −0.21 −0.23 −0.27 −0.30 −0.32 −0.35 −0.38 −0.41 −0.48 −0.53

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.03Shareholders’ equity4.07Fiscal year 2017Cash0.03Shareholders’ equity4.32Fiscal year 2018Cash0.11Shareholders’ equity5.75Fiscal year 2019Cash0.14Shareholders’ equity5.99Fiscal year 2020Cash0.12Shareholders’ equity5.75Fiscal year 2021Cash0.08Shareholders’ equity6.95Fiscal year 2022Cash0.04Shareholders’ equity7.58Fiscal year 2023Cash2.25Total debt0.02Net cash (debt)2.22Shareholders’ equity8.27Debt to equity0.00Fiscal year 2024Cash0.16Total debt1.28Net cash (debt)−1.12Shareholders’ equity8.68Debt to equity0.15Fiscal year 2025Cash0.11Total debt0.02Net cash (debt)0.09Shareholders’ equity9.45Debt to equity0.00
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.03 0.03 0.11 0.14 0.12 0.08 0.04 2.25 0.16 0.11
Total debt n/a n/a n/a n/a n/a n/a n/a 0.02 1.28 0.02
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 2.22 −1.12 0.09
Shareholders’ equity 4.07 4.32 5.75 5.99 5.75 6.95 7.58 8.27 8.68 9.45
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.00 0.15 0.00

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
0.80 0.74 0.54 1.58 1.10 1.22 1.41 1.94 1.78 2.36
Growth −7.6% −27.2% +193.1% −30.3% +10.3% +15.7% +37.3% −7.9% +32.6%
0.55 0.57 0.60 0.72 0.73 0.75 0.82 0.91 1.04 1.17
Investment
−1.48 −1.70 −1.82 −1.80 −1.76 −1.84 −2.20 −2.65 −2.61 −2.78
calc −0.67 −0.95 −1.28 −0.22 −0.65 −0.62 −0.79 −0.71 −0.83 −0.42
Growth
calc −2.08 −2.88 −3.59 −0.58 −1.70 −1.49 −1.79 −1.59 −1.83 −0.89
−1.60 −1.81 −1.93 −1.92 −0.88 −2.20 −2.57 −3.57 −3.21 −4.52
Financing
0.79 1.07 1.47 0.37 −0.25 0.96 1.14 3.84 −0.65 2.10
−0.21 −0.23 −0.27 −0.30 −0.32 −0.35 −0.38 −0.41 −0.48 −0.53
−0.01 −0.01 −0.00 0.00 0.00 n/a n/a n/a n/a n/a

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.